Car Wash
For Sale
$1,100,000
334 N Spence Ave, Goldsboro, NC 27534
Formerly used for automotive washing, the property includes improvements built in 1985.
Property Size1,584 SF
Price / SF$694.44
Days on Market282
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Property Features for 334 N Spence Ave
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Wayne Realty
Listed By:
Bob Logan · License #72422
(919) 735-1876
Source:
Coastalrealtyassociates
Added: Jan 6
Changed: Oct 1
Last Checked: Oct 14 at 11:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wayne Realty
Investment Insights
Based on property information with market context.
The property comprises a car wash asset with 1,584 of reported property size. Improvements were constructed in 1985 and were previously associated with ABC Auto Wash. The site is located at 334 N Spence Ave in Goldsboro, North Carolina 27534. Its documented former automotive-wash use provides the primary basis for evaluating the property.
Key Highlights
- Former ABC Auto Wash property
- 1,584 reported property size
- Improvements constructed in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,144
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,880
$1.8M
Cap Rate 7%
$1,273,486
$1.3M
Cap Rate 9%
$990,489
$990.5K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$122.0K $77.04/SF
− Vacancy
−$3.2K −$2.00/SF
EGI
$118.9K $75.04/SF
− OpEx
−$29.7K −$18.76/SF
NOI
$89.1K $56.28/SF
Area
Wayne County, NC
Vacancy
2.60%
Lease Rate
$77.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,782,880
Cap Rate 7%
$1,273,486
Cap Rate 9%
$990,489
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.11M – $1.49M
NOI $89,144 @ 7.0% cap · market cap 8.10%
Second Best
Retail
$277.7K
$243.0K – $324.0K
NOI $19,439 @ 7.0% cap · market cap 1.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
518k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 28%
Apparel 12%
Home Improvements & Furnishings 3%
Hobby Lobby
Shops & Services
43,972 visits/mo
0.1 miles
McDonald's
Dining
39,101 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
32,593 visits/mo
0.4 miles
Cook Out
Dining
31,095 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
28,903 visits/mo
0.2 miles
Demographics for 27534, NC
30,844
Population
15,158
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
73.1 sq mi
ZIP Area
422
Density / Sq Mi
$59,950
Median Household Income
$39,686
Median Earnings
$1,106
Median Rent
$187,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - Formerly used for automotive washing, the property includes improvements built in 1985.
Where is this car wash located?
The property is located at 334 N Spence Ave Goldsboro, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Former ABC Auto Wash property; 1,584 reported property size; Improvements constructed in 1985
